Hyatt Hotels (NYSE:H) Rating Lowered to Sell at StockNews.com

Hyatt Hotels (NYSE:H) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Monday.

Several other analysts have also recently weighed in on H. Stifel Nicolaus reduced their price target on Hyatt Hotels from $119.00 to $115.00 and set a “hold” rating on the stock in a report on Friday, September 22nd. Morgan Stanley increased their target price on shares of Hyatt Hotels from $132.00 to $138.00 and gave the company an “overweight” rating in a research report on Monday, October 16th. TheStreet downgraded shares of Hyatt Hotels from a “b-” rating to a “c+” rating in a research report on Thursday, September 7th. Barclays decreased their target price on shares of Hyatt Hotels from $126.00 to $123.00 and set an “equal weight” rating for the company in a research report on Friday, August 4th. Finally, Truist Financial decreased their target price on shares of Hyatt Hotels from $149.00 to $146.00 and set a “buy” rating for the company in a research report on Friday, September 15th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Hyatt Hotels presently has a consensus rating of “Hold” and a consensus price target of $129.30.

Hyatt Hotels Stock Performance

Hyatt Hotels stock opened at $106.72 on Monday. Hyatt Hotels has a 12-month low of $88.01 and a 12-month high of $127.80. The company has a quick ratio of 0.72, a current ratio of 0.73 and a debt-to-equity ratio of 0.85. The business’s 50-day moving average price is $105.98 and its two-hundred day moving average price is $111.80. The stock has a market cap of $11.19 billion, a PE ratio of 26.03, a P/E/G ratio of 19.75 and a beta of 1.37.

Insider Buying and Selling

In other news, Director Richard C. Tuttle acquired 1,250 shares of the firm’s stock in a transaction that occurred on Thursday, September 21st. The stock was bought at an average price of $104.49 per share, with a total value of $130,612.50. Following the acquisition, the director now owns 35,877 shares in the company, valued at approximately $3,748,787.73. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Richard C. Tuttle bought 1,250 shares of the business’s stock in a transaction on Thursday, September 21st. The stock was acquired at an average price of $104.49 per share, for a total transaction of $130,612.50. Following the purchase, the director now directly owns 35,877 shares in the company, valued at $3,748,787.73. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael A. Rocca sold 1,508 shares of the firm’s stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $113.87, for a total value of $171,715.96. Following the completion of the transaction, the director now owns 18,285 shares of the company’s stock, valued at approximately $2,082,112.95. The disclosure for this sale can be found here. 22.15% of the stock is currently owned by insiders.

Institutional Trading of Hyatt Hotels

Large investors have recently modified their holdings of the business. First Manhattan CO. LLC. bought a new stake in Hyatt Hotels in the 1st quarter worth approximately $25,000. Quarry LP bought a new stake in Hyatt Hotels in the 1st quarter worth approximately $26,000. Parallel Advisors LLC lifted its position in Hyatt Hotels by 80.4% in the 1st quarter. Parallel Advisors LLC now owns 276 shares of the company’s stock worth $31,000 after buying an additional 123 shares during the last quarter. Janiczek Wealth Management LLC lifted its position in Hyatt Hotels by 597.5% in the 3rd quarter. Janiczek Wealth Management LLC now owns 279 shares of the company’s stock worth $30,000 after buying an additional 239 shares during the last quarter. Finally, UniSuper Management Pty Ltd bought a new stake in Hyatt Hotels in the 2nd quarter worth approximately $34,000. Institutional investors own 46.03% of the company’s stock.

About Hyatt Hotels

Hyatt Hotels Corporation operates as a hospitality company in the United States and internationally. It operates through Owned and Leased Hotels, Americas Management and Franchising, ASPAC Management and Franchising, EAME/SW Asia Management and Franchising, and Apple Leisure Group segments. The company manages, franchises, licenses, owns, and leases portfolio of properties, consisting of full-service hotels and resorts, select service hotels, resorts, and other properties, including timeshare, fractional, residential, vacation, and condominium units.